Customers Bancorp had its Relative Strength (RS) Rating upgraded from 64 to 71 Tuesday — a welcome improvement, but still below the 80 or higher score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the best-performing stocks often have an RS Rating of over 80 in the early stages of their moves. See if Customers Bancorp can continue to show renewed price strength and clear that threshold.
Customers Bancorp is building a double bottom with a 58.88 entry. See if it can break out in heavy trading.
In terms of fundamentals, the company has posted two quarters of rising earnings growth. Sales gains have not followed the same trajectory, coming in at -21% last quarter.
Customers Bancorp holds the No. 50 rank among its peers in the Banks-Northeast industry group. Capital Bancorp, Chain Bridge Bancorp and Peoples Fincl Svcs are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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